Experts suggest revisiting the anti-profiteering provisions in India’s GST law, asserting that, after six years, they could impede business operations and introduce uncertainties. Introduced during the GST implementation to prevent inflation and ensure customer benefits, these provisions may now be obsolete. The GST Council is recommended to establish a timeline for discontinuing these provisions, allowing market forces to naturally determine prices. Recent Delhi High Court rulings emphasize the need for a case-specific approach, criticizing the lack of clarity and uniformity in assessing profiteering. Experts argue for a well-defined methodology in the law to avoid excessive state intervention and support businesses with compliance and ease of operations.
Experts Urge Review of GST Anti-Profiteering Provisions for Business Ease
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